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ReWalk Robotics to fund light-weight exoskeleton R&D through public offering

ReWalk Robotics Ltd. said it is planning an underwritten public offering.

ReWalk will give the underwriters a 30-day option to purchase up to an additional 15% of the ordinary shares sold in the offering on the same terms and conditions.

The company plans to use the proceeds from the offering on the research and development cost of its lightweight "soft suit" exoskeleton technology for various lower limb disabilities and for other sales and marketing expenses related to development activities.